澳洲Australia property How much to insure property for? | Sydney


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Hi All,

I am in the process of buying a property and busy sorting out the building insurance for the property.

The value of the property and land is worth around $220-230k. I estimate is that the land value is around $140k.

With this in mind, what would be a safe amount of insurance the building for? Would $150k be sufficient to replace the 3 bedroom house as well as all the other costs associated? i.e. removing the rubble etc.

Regards,
Robbie  

评论
If you are purchasing using a bank the valuation report will detail exactly how much the building insurance amount needs to be under 'replacement value'.  

评论
Thanks Aaron, too easy :)  

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